To the likely surprise of just about nobody outside of his base, ex-President Donald Trump is still lying. On Wednesday, he released a belligerent public statement complaining about an infrastructure spending plan under development by the Biden administration, but his characterization of the prospective legislation simply does not reflect the actual reality of what’s at hand. Notably, in a recent survey, 57 percent of overall respondents indicated that they support a “large infrastructure bill.”
Trump broadly claimed that Biden’s plan would benefit China by pushing businesses overseas — but as explained by The New York Times, Biden’s plan actually includes a proposal for “spending $174 billion to encourage the manufacture and purchase of electric vehicles by granting tax credits and other incentives to companies that make electric vehicle batteries in the United States instead of China.” That’s basically the exact opposite of what Trump claimed! Trump added that the legislation will leave “more Americans out of work,” but the entire point of much of the spending is supporting American employment.
Trump commented, in part, as follows:
‘Joe Biden’s radical plan to implement the largest tax hike in American history is a massive giveaway to China, and many other countries, that will send thousands of factories, millions of jobs, and trillions of dollars to these competitive Nations. The Biden plan will crush American workers and decimate U.S. manufacturing, while giving special tax privileges to outsourcers, foreign and giant multinational corporations.’
Trump claimed that companies will get tax breaks for moving operations overseas, but Biden’s plan actually includes an increase in taxes on American corporations garnering foreign income. As the Times explains, Biden’s proposals “include raising the rate of a minimum tax on global profits and eliminating several provisions that allow companies to reduce their American tax liability on profits they earn and book abroad.” Biden also hopes to enact “a new minimum tax on the global income of the largest multinationals,” as explained by the Times — which seems quite brazenly contrary to the ex-president’s description of the situation.
Trump added as follows:
‘Joe Biden’s cruel and heartless attack on the American Dream must never be allowed to become Federal Law. Just like our southern border went from best to worst, and is now in shambles, our economy will be destroyed!’
Check out his remarks below:
NEW Trump statement slamming Biden's infrastructure plan and more: pic.twitter.com/aivBm7ieuy
— Henry Rodgers (@henryrodgersdc) March 31, 2021
In reality, Biden’s plan includes significant investments in infrastructure across the nation, which would support everyday Americans in just about immediately tangible ways. The plan is “intended to create millions of jobs in the short run and strengthen American competitiveness in the long run,” the Times explains. House Speaker Nancy Pelosi (D-Calif.) is apparently hoping to pass the House’s version of the plan by July 4, but that timeline could change. Thanks to broad Republican opposition, Democrats might have to use budget reconciliation for the plan, which is a procedural mechanism that allows the passage of certain legislation in the Senate with a simple majority in favor.
